Famularo and Idnani of NYCRS brokers 3 deals totaling 3,400 s/f; Klatsky and Galloway of Time Equities represents landlord
NYCRS brokered the following transactions totaling 3,400 s/f:
* NYCRS agents James Famularo and Ravi Idnani signed a 400 s/f ground floor lease at 1212 Lexington Ave. with AA Hair Salon. Famularo and Idnani exclusively represented the tenant. Scott Klatsky and Nadja Galloway represented the landlord, Time Equities. The ten-year lease had an asking rent of $200 per s/f.
* Famularo and Idnani leased 500 s/f of retail space to Grand Bazaar at 1218 Lexington Ave. The 10-year lease had an asking rent of $175 per s/f.
* Famularo and Idnani leased 2,500 s/f, 4th floor office space to Dellaria Salon located at 206 Spring St. The tenant broker was Evan Sheftal with Urban Apartments. The 10-year lease had an asking rent of $65 per s/f.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional